World News

China’s central bank increased its gold reserves by 23 tonnes in September, the largest monthly acquisition since October 2023, bringing total holdings to approximately 2,410 tonnes. This move aims to reduce reliance on US dollar assets amid rising geopolitical and financial risks, with private demand for gold also soaring as households seek secure savings options.

The US president has confirmed that Iran has made inquiries regarding the lifting of Washington’s naval blockade on its ports. This development indicates a potential shift in communication between the two nations, amidst ongoing tensions in the region.

From our sponsors
Advertisement
Advertisement